Omaha, NE — Berkshire Hathaway has purchased 9,200 of its Class A shares at $131,000 per share from the estate of a long-time shareholder. The Board of Directors authorized this purchase coincident…
Category: Business
The NorthIowaToday.com Business Section. Business stories and a directory of top North Iowa businesses.
Fed will hold interest rate, launch new stimulus
Information received since the Federal Open Market Committee met in October suggests that economic activity and employment have continued to expand at a moderate pace in recent months, apart from weather-related disruptions….
Business guru says fiscal cliff plan has “little affect” on massive deficit
As the December 31st deadline for renewing the Bush-era tax cuts looms, a business guru weighs in on the affects plans from President Obama and Republicans would have on the nation’s massive…
Facebook sets its sights on its next billion users
By Jessica Guynn, Los Angeles Times – MENLO PARK, Calif. — In just eight years, Facebook signed up more than half the world’s Internet population. Now it’s going after the rest. Facebook wants…
Senate Approves Provisions to Increase Workload at Rock Island Arsenal
WASHINGTON, D.C. – U.S. Senators Tom Harkin (D-IA), Chuck Grassley (R-IA), Dick Durbin (D-IL), and Mark Kirk (R-IL) announced that major portions of their bill to help increase the workload and help…
Grassley Votes for Bipartisan Trade Bill to Expand Export Opportunities to Russia, Moldova
WASHINGTON – Senator Chuck Grassley said the 92 to 4 Senate vote today for bipartisan legislation to grant permanent normal trade relations – PNTR status – to Russia and Moldova is a…
Winnebago Industries Unveils Innovative Coaches At Annual RVIA Show In Louisville, KY
FOREST CITY, Iowa — Winnebago Industries, Inc. (NYSE: WGO), a leading United States recreation vehicle manufacturer, unveiled a number of innovative RVs at the 50th Annual Recreation Vehicle Industry Association (RVIA) National RV…
Winnebago Industries’ Class A, B and C Motorhomes Receive MotorHome Magazine Readers’ Choice Awards
FOREST CITY – According to the November 30, 2012 announcement, Winnebago Industries’ Class A and C motorhomes were named as this year’s Gold winners and the Class B Era received Silver status…
Protect yourself from medical identity theft
By Scott J. Wilson, Los Angeles Times – An identity thief who gains access to your credit card or bank account could harm you financially, but one who steals your medical information could…
Year-end tax planning vexing as ‘cliff’ looms
By Gail MarksJarvis, Chicago Tribune – There are mere weeks left to maneuver so you keep as much of your money as possible without overpaying taxes for 2012. But this is no…
Law firms take to blogging as a marketing strategy
By Chris Mondics, The Philadelphia Inquirer – It is a scathing takedown of bureaucratic excess. Every year at Thanksgiving, lawyers at Dechert LLP’s structured finance group issue their Golden Turkeys, a compendium of…
Ford pushes to go toe-to-toe with Toyota in hybrid market
By Alisa Priddle, Detroit Free Press – Ford’s targeted efforts to challenge Toyota in the hybrid market are gaining momentum. The Dearborn, Mich.-based automaker said Friday it expects to hit a record 11…
Japanese brands rush to add North American plants
By Mark Phelan, Detroit Free Press – Japanese automakers are building new North American assembly plants at a breakneck pace to regain lost U.S. market share and reduce their dependence on a homeland…
US, Mexico participating in Operation Holiday Hoax International enforcement effort targets sale, importation of counterfeit and pirated goods
WASHINGTON – The National Intellectual Property Rights Coordination Center (IPR Center) announced the kickoff of Operation Holiday Hoax, an effort to track down those who are selling counterfeit and pirated products this…
Consumer Confidential: Patients’ choices narrower, yet cost of insurance rises
By David Lazarus, Los Angeles Times – It’s hard enough having a serious condition like cancer or kidney failure. It’s even worse, some might think, when your health insurer says you have to…
Honda doesn’t wait to redesign Civic
By David Undercoffler, Los Angeles Times – Through 10 months of this year, no compact car has sold better than the Honda Civic. Not the Toyota Corolla, the Ford Focus, the Chevy Cruze…
Automakers find many roads to fuel efficiency
By Jerry Hirsch, Los Angeles Times – On one stage of the Los Angeles Auto Show, BMW shows off “the cars of tomorrow,” concepts powered by electricity. On another, Audi touts four new…
Tax breaks could expire at end of year
By Susan Tompor, Detroit Free Press – So is this the year that Santa hauls the family cottage or part of the family-run restaurant down the chimney? Wealthier parents and grandparents could be…
Electric vehicles make slow inroads
By Sandy Bauers, The Philadelphia Inquirer – Behind the wheel in an empty spot of his Cherry Hill, N.J., law firm’s parking lot, Peter Spirgel grinned wickedly. Then he floored it. Whooah!…
Buying used cars may be a great holiday strategy
By Jim Gallagher, St. Louis Post-Dispatch – If you’re looking for a car, love snow. Love ice. Delight in shivering. Used car prices tend to dip when the weather is cold, and…
HUD secretary defends efforts to stabilize FHA finances
By Jim Puzzanghera, Los Angeles Times – WASHINGTON — A top Obama administration official said a key government agency that has helped stabilize the housing market might be able to stay afloat…
Chemicals linked to cancer found in baby products, group says
By Sandy Kleffman, Contra Costa Times – OAKLAND, Calif. — High levels of a potentially cancer-causing flame retardant have been found in products for babies and young children, an environmental group said…
Bank of America is cutting back on at-home workers
By Andrew Dunn, The Charlotte Observer – CHARLOTTE, N.C. — Bank of America is preparing to add more restrictions to its popular work-from-home program, meaning more employees across the company will be sent…
EEOC lawsuit alleges woman fired because of prosthetic leg
By Ameet Sachdev, Chicago Tribune – CHICAGO — A Chicago-area woman with a prosthetic leg was wrongfully terminated from a temporary job because of her disability, the U.S. Equal Employment Opportunity Commission alleged…
A Best Buy boost falls flat
Thomas Lee, Star Tribune (Minneapolis) – Best Buy Co. had hoped the recent launch of Windows 8 would spark holiday sales. So far, though, Windows 8 sales have largely fizzled. Since Microsoft Corp….
US banks post $37.6 billion in 3rd-quarter profits
By E. Scott Reckard and James Puzzanghera, Los Angeles Times – Four years after a massive federal bailout, banks are recording near-record profits — a development welcomed by regulators but met with fresh…
Businesses rush to pay dividends before fiscal cliff
By Steve Johnson and Brandon Bailey, San Jose Mercury News – As the nation gets close to plunging over the metaphorical fiscal cliff, triggering what could be massive tax increases and spending cuts…
Real estate Q&A: Does seller have recourse if buyer is rejected?
By Gary M. Singer, Sun Sentinel – QUESTION: I am trying to sell my condominium, and I just found out the association didn’t approve the buyer. Is there anything I can do? —Sara…
More states dig into Libor scandal
By Jake Grovum, Stateline.org – Several U.S. states have joined the investigations swirling around the illegal manipulation of the bank-to-bank interest rate known as “Libor” — an international scandal that may have cost…
On The Money: Scam artists prey on giving spirit
By Chuck Myers, McClatchy-Tribune News Service – No mincing the difference between naughty and nice here. Charity scam artists can quickly take the cheer out of the holiday season for generous individuals, families…
Holiday-season airfares higher this year
By Hugo Martin, Los Angeles Times – Flying for the holidays has gotten a bit more expensive this year. The average airline ticket price for domestic flights departing in the last two weeks…
Foreclosures down in October
By Jim Puzzanghera, Los Angeles Times – WASHINGTON—The number of homes in foreclosure dropped in October from the previous month and was down 9 percent for the year as the housing market showed…
‘FTC refund’ campaign was a scam, agency says
By Jeff Gelles, The Philadelphia Inquirer – Imagine a brazen burglary at the police precinct and you’ll understand what the Federal Trade Commission was up against. For weeks, consumers had been complaining about…
Cyber Monday sets sales record
By Shan Li, Los Angeles Times – Shoppers went hunting for bargains over the Internet on Cyber Monday in yet another round of retail mania this month, setting a record as the biggest…
Facebook opens balloting on user voting policy
By Jessica Guynn, Los Angeles Times – SAN FRANCISCO — Facebook is getting out the vote — on whether users can continue to vote on policy changes at the giant social network. Voting…
US auto sales zoom after Superstorm Sandy
By Jerry Hirsch, Los Angeles Times – With the presidential election and Superstorm Sandy behind them, car shoppers headed for dealer lots last month in the biggest numbers since early 2008. Multiple brands,…
Ask the Experts: 2013 Medicare tax leads to confusion
By Claudia Buck, The Sacramento Bee – Questions about the new Medicare tax and about buying retirement credits are this week’s “Ask the Experts” topics. The answers are from Greg Burke, Calif.,…
How to handle a balance in your flexible spending account
By Nedra Rhone, The Atlanta Journal-Constitution – It’s a busy time for eye doctors. The year-end surge in patients has little to do with patients’ declining eyesight. It’s mostly because of the…
Safe-deposit boxes not always safe
By Richard Newman, The Record (Hackensack, N.J.) – In the wake of Superstorm Sandy, holders of safe-deposit boxes should consider how safe the valuables they’ve got stowed away really are. The boxes’…
DNR Reminds Manure Applicators to Take Annual Training Now
DES MOINES – Nearly 1,000 confinement site manure applicators may need to complete their annual training requirements by Dec. 31 according to the DNR. “It’s not too late for applicators who are…